With inroads made in Sonangol and INA deals, UK firm expects entry into Angola early next year

(OET) UK-headquartered and AIM-listed company Afentra plc has made progress on completing deals with Angola’s state-owned oil and gas company Sonangol and Croatia’s INA-Industrija Nafte, which will allow it to acquire interests in blocks offshore Angola. Back in April 2022, Afentra announced that its wholly-owned subsidiary, Afentra (Angola), had signed a Sale and Purchase Agreement (SPA) with Sonangol to acquire a 20... Continue Reading →

December 15, 2022 0

Houston American Energy acquires acreage in Colombia’s Llanos basin

(WO) — Houston American Energy Corp. announced the acquisition of an additional interest in Hupecol Meta, LLC., on December 9th. “We are excited about the increase of our interest in the CPO-11 block, the progress made by Hupecol Meta to date, and the outlook for the development of the block,” John Terwilliger, CEO of Houston... Continue Reading →

December 12, 2022 0

Ibama green lights start of P-71 production and authorizes installation of FPSO Marechal Duque de Caxias

(TN) The Brazilian Institute of the Environment (Ibama) has granted two important licenses to Petrobras. The first authorizes the start of operations of FPSO P-71 in the Itapu field, in the Santos Basin pre-salt. The document will be valid for eight years. Petrobras expects to start operating the platform in December. As a reminder, the... Continue Reading →

December 10, 2022 0

ANP holds 1st Cycle of the Permanent Production Sharing Offer on December 16

ANP will hold on December 16, in Rio de Janeiro, the public session of the 1st Cycle of the Permanent Production Sharing Offer (OPP). There will be 11 blocks on offer, four in the Campos Basin and seven in the Santos Basin. See the blocks on offer: Campos Basin - Agua Marinha; Norte de Brava;... Continue Reading →

December 10, 2022 0

Guyana launches new bid round for offshore oil blocks

(Loop) Fourteen oil blocks in Guyana’s lucrative offshore oil and gas fields are now up for grabs, as the government has opened a new round of auctions. In announcing the start of the auction this morning, President Dr Mohammed Irfaan Ali said his government plans to complete the bidding process by April 14, 2023 and... Continue Reading →

December 10, 2022 0

Take Five: The World’s Central Banks 2022 finale

(Reuters) - The world's top central banks dominate the agenda next week with indications abounding that the aggressive pace of rate hikes might slow, but not yet fade away given price pressures. China publishes key economic data as Beijing loosens some of its strict COVID-19 shackles, while PMIs will provide a health check for the... Continue Reading →

December 9, 2022 0

Borders & Southern’s Falkland Islands Offshore Licenses Extended

Oil and gas company Borders & Southern Petroleum said Thursday it had secured the extension of its Production Licences PL018, PL019, PL020, including the Darwin Discovery Area, offshore the Falkland Islands. The offshore licenses were due to expire on the December 31, 2022. After applying for a two-year extension, the company has received confirmation from... Continue Reading →

December 8, 2022 0

PRIO approval of the merger of Dommo’s shares

Petro Rio S.A. ("Company" or "PRIO") (B3: PRIO3) following the Material Facts disclosed on September 1 and October 3 and 24, 2022, informs that the incorporation of all of the common shares that compose the capital stock of Dommo to the equity of Petro Rio OPCO Exploração Petrolífera S. A. ("OpCo"), subsidiary of Petro Rio... Continue Reading →

December 8, 2022 0

Portugal ends mandatory environmental assessments for green hydrogen projects

(Reuters) - Portugal wants to speed up investments in green hydrogen projects, which are essential to decarbonize the economy, and will end mandatory environmental assessments for them in March 2023, Prime Minister Antonio Costa said. Portugal expects to become a major producer and exporter of green hydrogen with 70 private investors or groups planning to spend 10... Continue Reading →

December 8, 2022 0

Venezuelan officials, Chevron execs hold closed-door meetings

(Reuters) - Venezuelan officials and executives from U.S. oil company Chevron Corp (CVX.N) held a private meeting on Wednesday at one of their joint ventures to discuss operations and management, but workers were left out, three sources close to the matter said. In November, the U.S. Treasury Department issued a license to Chevron to expand operations in... Continue Reading →

December 8, 2022 0

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Category: Regulatory

With inroads made in Sonangol and INA deals, UK firm expects entry into Angola early next year

Houston American Energy acquires acreage in Colombia’s Llanos basin

Ibama green lights start of P-71 production and authorizes installation of FPSO Marechal Duque de Caxias

ANP holds 1st Cycle of the Permanent Production Sharing Offer on December 16

Guyana launches new bid round for offshore oil blocks

Take Five: The World’s Central Banks 2022 finale

Borders & Southern’s Falkland Islands Offshore Licenses Extended

PRIO approval of the merger of Dommo’s shares

Portugal ends mandatory environmental assessments for green hydrogen projects

Venezuelan officials, Chevron execs hold closed-door meetings

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